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and who is eligible for a refund. our guest is tax foundation chief economist william mcbride. "washington journal" is next. host: >> host: the white house is to eating -- is disputing claims. the u.s. ambassador to madrid will appear to discuss buying in the country after press reports that the nsa collected information on phone calls. chiefs from those and other countries are expected to travel to the u.s. to discuss those issues. this topic, even on the sunday talk shows yesterday. for our first 45 minutes, when it comes to physically monitoring by the nsa on our allies, we want to get your thoughts on whether the u.s. should rethink spying on allies. here's how you can tell us this morning. you can also reach out to us on social media. you can always send us an e-mail to journal at c-span.org. stores today and yesterday stemming on new developments when it comes to monitoring of ally activity by the nsa. new about obama spying. thatsa denies reports obama was told in 2010 of nsa spying on angela merkel and allowed it to continue. on sunday, the german tabloid siding unknow
players threatened to go on strike over plans for a new super tax on the richest people in france. let's aw at this hour, star with the latest leak from former nsa contractor edward snowden. says theington post" national security agency has been hacking be data links that connect google and yahoo! around the world. laways the agency skirt the by collecting data from millions of local web users via underwater fiber-optic cables. kate moody explains. >> world leaders, foreign citizens, and internet giants, the latest victims of the national security agency's surveillance programs according to intelligence linked by edward snowden. the nsa has admitted to the program to access internet user accounts but described new reports that infiltrated yahoo! and google databases as factually incorrect. breakings not an essay into any databases. it would be illegal for us to do that. -- does collect information on terrorists and our national intelligence priorities, but we are not authorized to go into a u.s. company's servers and take data. we have to go to a court process for doing that. >> but th
say they will continue its plans to strike after the president said he will not drop a 75% super tax on people earning more than a million euros a year. that's unless they granted an exemption from the tax. what's going on? >> the final whistle has yet to be blown but the clock is ticking. >> good afternoon. >> french football officials leaving the palace in paris, still no deal to avert the strike. >> we have tried to say that this tax is not fair but the president wasn't flexible. he said that since it was voted upon, it couldn't be changed. but he has listened to us and that is very important. we never know what the future holds. >> francois campaigned his proposal to reduce a 75% super tax on people earning more than a million euros a year. that's nearly $1.4 million. the clubs who pay the tax call foul and have threatened industrial action at the end of the month if they're not exempted. hence the talks of the presidential palace but so far, the president and his government are standing firm. >> it's been very clear that the solidarity tax will have to be applied to football, th
digging their heels in, french footballers say they'll strike over the planned super tax on the rich. >>> and police in canada say they have video of toronto's mayor apparently smoking a crack pipe. ♪ ♪ >>> welcome to al jazerra, it was an ambitious order, end syria's ability to produce chemical weapons. but it appears to have been done and ahead of schedule. the announcement from the world chemical weapons watchdog means syria can't produce any new chemical weapons. but damascus still has to destroy its chemical arsenal. kim explains how we got to this points. >> reporter: on august 21st, at least 1400 were killed, in what survivors called a chemical massacre. within days, the u.s. and its allies would condemn it too. >> this was not only a direct attack on human dignity, it's a serious threat to our national security. >> reporter: president obama quickly threatening military action against syria. syrian president bashar al-assad denied at tack and sent a warning to the u.s. >> you can expect everything. >> reporter: but polight i cannily, obama garnered support. >> the chemical
tax rates. great infrastructure. we have done all the things we think we can do to help this be a great productive work environment, but there are certain things that are out of control that dramatically impact jobs in tennessee. when i hear manufacturers tell us, we love being in tennessee and we love the work environment, but if we had this agreement in place, we could produce x more jobs. it is frustrating to me as a governor because it is something that is out of my control, but it is critical for me to lend that voice, whether it is in washington or anywhere else, to raise it. we have worked hard to set up a great working environment in tennessee. we think we have it. there are certain things that are beyond our control. >> so i understand everyone on this panel is an enthusiast to these agreements, but we want to be clearheaded about some of the competitive costs. in the construction-mining business, what you see as the competitiveness that would come from -- imports would be less expensive? what are the challenges you will face of some of these deals come to be? >
out of 12% declared that america's large profitable corporations are paying a lower tax rate than our teachers and firefighters. this went back and said, look, this isn't the way to do it, not one year, because it followed the recession. it followed 2008 and 2009. you remember ge and other corporations? the entire financial sector had a lot of writeoffs. he did a different study. he went back and did 2004 to 2010, he counted all taxes paid worldwide, including state, including foreign, and the effective tax rate of all u.s. corporations exceeded 35% from 2004 to 2010. the other thing he found out was since 1997 all the leading economies of the world, 31 out of 34 have cut their corporate tax rates to attract job. >> did you say that includes foreign taxes too? >> includes foreign taxes. >> i mean, don't we only care about taxes paid here in the united states? >> why, because that's all we collect? >> yeah. it doesn't matter if we collect, it matters how competitive -- >> it matters if you're looking at u.s. tax receipts. if you're looking at u.s. -- >> doesn't it matter whether u.s. c
are available to them, including tax credits that are available to .hem we will continue that effort, including with the new resident remarks tonight. >> this week, there will be talks on iran's nuclear program in you jeanie buss. -- in geneva. what you expect from these talks? >> i would say a couple of things. as the president has said, the history of mistrust between the united states and the islamic republic of iran is deep and it will not be erased overnight. is nott we are doing now about trust. we are engaged in serious and substantive negotiations, but offering the possibility that we can stop the advancement of these nuclear activities. resolve the international community's concerns about the nuclear program in iran. our goal is to achieve a verifiable agreement that does not allow iran to obtain a nuclear weapon. and we have said the window is open for us to pursue this option. goal of notur allowing iran to possess a nuclear weapon, and i'm going to aggressively pursue that while the window is open, but it will not remain open indefinitely. we are going into this with eyes wide open,
of the consumption tax will slow the economy and have stimulus to counter it will it work and the second is will they do a structural reforms, the third quiver of options are based, of economics, the structural forms that are necessary to really put more dine mitchell into the underlying economy .. >> rose: there is the question about the u.s. economy, if you look at 2013, are he they expecting growth to be right around two percent or 2.5? >> six percent next year. >> rose: 2014. >> 2014. i think most people, most forecasters have expected an acceleration towards the end of this year that would go into 2014, thus tar we haven't seen the figures and most recent figures are pretty disappointing, the government shut down, clearly played a role in that and slowed down the fourth quarter, the question is that going to continue and are we -- you know, is the acceleration that we think should be there, because the underlying ingredients weren't there are actually going to happen and so far, i don't see that much evidence of gliet so philip, what are the markets telling us? >> the markets have s
, for french footballers is kicking off as francois hollande holds firm on his top tier tax rate. we'll cross to paris at 10:20 cet. >>> and twitter's road show continues with the social media firm visiting chicago today. the company's set to start trading next thursday. but is the ipo price too conservative? we'll discuss that and plenty more coming up after this. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >>> part nationalized financing rbs will be creating an internal bad bank to separate toxic assets from the rest of its business. that as the lender's sole losses narrow from a year ago. it announced it was setting aside another 250 pounds for ppi selling provisions. rbs warned of a substantial full year loss. it expects litigation charges to continue. our br
as don usha leyla and the head of the cleveland clinic and tax six message -- texas medical center live at 3:00 eastern on c-span three. this evening, a look at the economic impact of the two thousand eight financial crisis with former top economic advisers from the past three administrations. monitoringll will be -- moderating. >> at the beginning of the 2009 year a sense of missed opportunity. the fiscal stimulus was needed. i wonder if a different kind of stimulus with some of the changes that larry hinted at, dropping high-speed rail and energy might have gotten bipartisan support. they say no republicans will oppose anything they suggest but back in 2009 many people were really hoping this would be the guy bringing us together. i am not blaming one fault -- side or another. to me, the question is could a different set of choices rocked the world together? critical of some of the more classically democratic parts of the recovery program. but i was there. the senate minority leader said the basic purpose of his minority leadership was to make sure the senate was not reelect it. i thi
taxes for 98% of all americans. and lower bare year -- lowering baferiers so entrepreneurs and businesses can innovate, grow, and hire. because of these measures we're moving in the right direction. the positive signs are reel. -- real. since 2009 our economy has been expanding. over the past 43 months, private employers have added 7.6 million jobs. in fact, businesses have added more than two million jobs over the last year alone. and the end of this year, and the beginning of next year, show signs of further progress. the auto industry is growing again, manufacturing has increased. the global market has improved. american companies liked ford and apple are starting to move operations back to the united states. we sell more products made in america to the rest of the world than ever before. the cost of health care is growing at the slowest rate in years. and our deficits are half of what they were when the president took office. so we have seen the united states economy make a turn around. our economy is actually recovered faster than any other advanced economy. just as it
-like participation tax. >> we are agreed that both sides want to seek to get the tax introduced at the european level. we fear to dissemble -- it is a symbol of social justice. >> both sides also agreed to take steps to silence the eurosceptics by seeking to return more responsibility from brussels to the eu member states. the parties have yet to agree on how to deal with troubled banks. scenese scenes -- sweet are made of this. the catwalk creations are made of the world's favorite sweet treat. a number of celebrities joined in the fun. wimbledon tennis champ marion bartoli model this fetching dress in dark chocolate. -- modeled this fetching dress in dark chocolate. a real fashion feast. >> three giant mirrors were installed to direct the sun rays into the valley. they eliminate the town square, an area the size of three tennis courts. >> fantastic. i never thought it would be this good. >> the idea for the mirror states back 100 years but was never implemented. sponsors were found to cover the cost -- some 600,000 euros. locals hope tourists will now no longer avoid the town in the dark winter mon
cadillac plans? >> something is happening to them now. there's going to be an exercise tax that kicks in 40% now, on any benefits, premiums paid over $10,200 for individuals, $27,500 for families. so that exize tax kicks in four years from now. employers are shifting costs to the covered people to employees like ourselves and making them pay more in anticipation of that exized tax kicking in. >> if the net cost, in other words, to the company is greater than that 10,200 or whatever it is -- >> pays 40% on top of that. >> the employer pays that. they would figure in the costs they pay to the insurer to cover me. >> that's right. >> and figure in or reduce that amount by the amount that i pay per month. >> one way to address it. >> that i pay in typical deductions. >> overall trend in the industry to shift costs to the employee. >> we know that. >> and this is exacerbating that. >> this is happening for years in the private sector. >> you know, in fairness to the administration, an effort to contain costs to make people aware of what they're paying for. >> one of these things, goes back to th
and eight percent tax adjusted between mexico's congress in order to curb rising obesity mexico has now hired the city rates than the us is one of the world's biggest consumers of soda. mexican president is using the latest tax on sugary drinks and junk stage to install a change of culture and encourage mexicans to exercise at least one hour and a tomato in nationwide obesity. you know what either the city deficit got out of sugary drinks will be taxed at the mai initiative with a congressman or a new facts to light the senate's is the norm basic stitch with my calories will save the tax base. this is the place that taxes will people be to reduce the consumption in a healthy sport not associated with the increase of obesity among mexican silver pistol. he over to god. he kept bitching and staffing retailers expected to pass on the tax to consumers. the move has caused shares of the mexico based coca cola and zach oaks largest bottle or latin america to fall which could potentially result in a reduced workforce of three to four percent. according to analysts the most soft drink and food
to pass the immigration bill, reform the tax code, and replace across-the-board spending cuts none of sequestration. introduced by commerce secretary this is a half-hour. >> the first-ever select u.s.a. senate meeting. as you may have heard, we are sold out with 1200 attendees. business leaders from 58 countries and across the united states are here today. a warm welcome to all of you from all of us in the obama administration. let me be clear -- [applause] let me be clear, this summit is about you. it is all about business. it is all about connecting investors with communities. let me start with the story. when the select usa program was just starting out, an austrian company that makes auto parts was considering investing more in the united states. we went into action. the commerce department's vienna staff counsel the company on how to successfully established a new plan in the united states. the u.s. ambassador in austria met with the company's leaders. we connected a company with the state-level leaders that they wanted to me to. as a result, over the past year, the company ha
of journalists reactive turkish lawmakers breaking the headscarf taboo in parliament. andy taxing times faced by french footballer whose bosses are threatening to strike over seventy five percent tax on wealth above one million euro loss of getting out of the leaders from james credence in our media watch second study art in the newsroom it's a low once again to not be a chart clarion calls levies on headlines they sound intelligence officials say they needed the pakistani taliban has been killed in a suspected us drones truck humans are causing to put a dent in the pas. this time in sentences that to be planning his funeral. the resistance from the syrian opposition peace envoy. he was against new delays in peace talks sharon's departure is the main obstacle to getting all psyched to the negotiation table. in reality he is in washington president obama for assistance be back later and said to finance a country suspected cause of the growing unrest that the war. yes this developing story coming out of the us the suspect is said to be in custody until sunday's international apple. today is fri
so our financial system works better for consumers and investors, and locking in lower taxes for 98% of all americans. and lowering baferiers so entrepreneurs and -- barriers so entrepreneurs and businesses can innovate, grow, and hire. because of these measures we're moving in the right direction. the positive signs are real. since 2009 our economy has been expanding. over the past 43 months, private employers have added 7.6 million jobs. in fact, businesses have added more than two million jobs over the last year alone. and the end of this year, and the beginning of next year, show signs of further progress. the auto industry is growing again, manufacturing has increased. the global market has improved. american companies liked ford and apple are starting to move operations back to the united states. we sell more products made in america to the rest of the world than ever before. the cost of health care is growing at the slowest rate in years. and our deficits are half of what they were when the president took office. so we have seen the united states economy make a turn around. o
of our survey. a heated debate on the merits of investor in twitter. growing calls to tax the rich. robert frank will be along to tell us where the flash points are and whether you should be calling the moving vans. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> >>> it's a big week at big board. twitter shares will begin trading on thursday. the social networking giant raised the
surpluses to deficits almost overnight. he tax cuts remained in effect. i think you're right, there should have been some revisiting of those tax cuts that were in effect, but the tax cuts allowed us to avoid a major recession back in 2001. host: you bring up deficits. how much motivation is there right now to get a grand deal done whether it's in this effort or future effort with u.s. just having posted its lowest deficits in 2008, is it? guest: we ended up the fiscal year that just ended, fiscal $6802013 with a deficit of billion. i believe the figure was, and that was a significant of 30%, 40% reduction of the previous year of $1.1 trillion. and the immediate effect, is it taking pressure off and things are improving. things are improving in the near term. part of the reason why the deficit came down so significantly, receive news wept up 13% and spending wept down 2% last year. the combination of those two resulted in the deficit coming down. the difficulty is that while that's a good sign in the near term, all projections because of the demographics are going forward, all projections
mi. an hour, and the average about 98 mi. an hour. >> catherine: if you want to tax your girlfriend that you love her, both for its accurate but if you are considering apologizing using text you may want to rethink. those are the findings of a new study in the journal of couple at the relationship therapy. researchers surveyed 276 beyond a doubt in committed relationships and about that affectionate pets enhance those relationships. but taxing heavier stuff like this gushing relationship problems was more negatively associated with the relationship satisfaction and stability. the much you tax matters to. a man who sent and received a bunch of tax or less satisfied with their relationships. the woman who said that more often said the opposite >> reporter: upper 60s for the south bay. hi to top up below in the inland. san francisco los 64 high. 67 oakland and 7 day at around the bay but sunday sunny. but pretty windy. temperatures will warm up monday with a chance of rain are ready by next friday. catherine? set >> catherine: starting today, the special lights l e d on the western spa
for that one-half to get benefits and pays no taxes. why would you vote for a party that cuts taxes you don't pay? >> obama's job approval has dropped and now 44.5%, hitting a low of 41% at the height of the shutdown. what does that slippage tell you? does it tell you the g.o.p. or obama has escaped the shutdown? what it tells you, if i may say so, is they don't think he is an outstanding leader. i'm not saying he's a terrible leader, but he's not a real leader. what they do know. >> is it psychoanalysis time? >> it is far better than anybody else in the country. 44 is not bad. >> and every program he puts out, the republicans say no. immigration reform is the next one out there and the republicans say no? that's a political gift to democrats and the president. >> republicans are to blame. issue three, u.s. tax offense tango. >> we believe if pakistan is secure and peaceful and prosperous, that is not only good for pakistan, it's good for the region and it's good for the world. we work to discuss the accommodations by the corporation. broad based stable partnership founded on the prin
taxes on people who benefitted the most in last regime, republicans' to cut spending willy-nilly. neil: no, i don't see a lot of spending ideas offered on the table by any party. i see. saying, record tax revenue we're getting, we want more. we' more of, that i don't hear offers for more spending cuts. >> no, let's be clear, the president of united states got his big tax increase on the rich. last year, 600 billion. that is -- >> it is working. >> he is coming back to the well he wants another $1.1 trillion tax increase in next 10 years, in his budget proposal he increases the debt by $8.2 trillions, that never comes close -- -- >> robert, on both sides, the urgency is taken away when you whoop and scream and rejoice at a deficit that is only 600 billion-dollars, we remember it was 60 billion-dollars, jimmy carter said it was all like a fiscal war. i think that was then, this is now. we tolerate what is still very, very worrisome news. nancy pelosi said, cupboard is bear, there is no room to cut, harry reid said americans are onboard hiking taxes more, like we live in a make believe wo
to be. and if the best and brightest want to be there, they'll create and generate a tax base so that you can take care of the less fortunate but the real key and it's not popular thing to say but you have to have where with all. these people who are willing to think outside of the box and try new things and start new businesses and take risks if you're going to have a future otherwise you do the same thing. if you do the same thing, we know where that ends. >> you also have talked about how it's very important for a city like new york to have a bunch of very rich people so you can tax them. >> sure. >> you're unapologetic about that. >> the fact of the matter is a small percentage of the people pay the taxes. if you don't want tax revenue, you can lose those people but if you want to have ability to go and invest in infrastructure and invest in cultural institutions and have social programs that can really help people who are less fortunate, you have to have the dynamic drive, the people that are creative and the revenue. that comes from people who do well and in our city the po
the pike? how many taxes are in there? nice that it is covering people, but when will it -- what is it going to cost us? i think that americans really want to know and it is not out there in black-and-white. you should be able to look and see. there are a lot of important things that have been done wrong. the president has lied to us. thank you. host: a little bit more about the book "double down." it is just coming out. even after obama named hillary clinton as secretary of state, finding their wounds, he could barely endure spending time with the clinton. he rarely contacted his democratic predecessor in the years after taking office. after midterm losses for his party, the incumbent and his inner circle realized that they still needed the popular mr. clinton. they golfed together in 2011 in an effort to get closer together. they did not even finish 18 holes. r. obama succinctly expressed his view of mr. clinton saying that he liked him in doses. to thema, who is known test campaign donor nations said that he could not name his top five vendors. he says he has no idea. after me
and says it's worth $40 a share. there's the alibaba ownership. that's after tax affecting it i think. and you get to $40 -- $6 a share for the core business. we shall see. but i will tell you this, alibaba growing as quickly as it is will be fascinating to see when it does come public. that will be a first half ipo. again, the filing still expected in the first quarter. you actually get the offering then, unclear, but let's assume it's the first half of the year. another key that yahoo! shareholders need to be up on, can they figure a tax efficient way for what it doesn't sell, may sell as little as 9% and therefore have a good remainder of alibaba, which is shocking, $190 billion. >> it's killing it. >> killing it. ebidta growing. it puts twitter to shame. >> as for the bernstein call, what if the core value does improve? >> here's the issue for me. wrooef se we've seen these over and over again, internet companies and people go crazy. i don't know what to pay for alibaba. i don't. if it's real, and it sounds real -- >> it's real. this company is generating enormous operating profit
, the fall scout, next. >>> next, why one bay area leader wants to put a soda tax on next year's pal lot. >>> and, blown away, literally. the strong storms that swept some pedestrian off their feet. ,,,,,, >>> it was a flat day on wall street. the dow slipped a point. nasdaq drop more than three. s&p rose two points. that was enough for another record close. shares of apple dipped following the release of its earnings report. the company said it made a small profit in the fourth quarter. small because of the cost of the popular iphone. still, the all the beat wall street expectations. overall, apple stock up 25% since the last earnings report in july. >>> a delegation of european diplomats came to washingtoned to demanding answers about nsa's spy. a spanish newspaper reported the nsa monitored 60 million phone calls there in one month. germany and france were also caught up in the nsa sweep. some european leaders say they should consider allowing the u.s. to track terrorist spendening. >> i think they have to make a clear distinction between fighting terrorist but not spying on france. >
of this and navigate it. thank you. bill: your income tax, sales tax, how about a driving tax. why some states are now looking to charge people for every mile they drive and how the world with a plan to track that? martha: the old saying lice may never strikes twice turned out to be a myth for this man. we will tell you about his very close call. hi. i'm henry winkler. and i know there are many myths out there about a reverse mortgage, so i want you to know the facts. there are currently no credit score or income requirements to qualify. you can get tax-free money from the equity in your home. you can use the money to pay off your current mortgage if you have one. the remaining money can be used for anything. there's no monthly mortgage payments. and you still own your home! call today to get your free guide and dvd. it explains how a government-insured reverse mortgage works. there's no obligation. one reverse mortgage is a quicken loans company. their licensed experts can answer all your questions. call to find out what a great solution this can be. don't wait, call now! bill: so this man takes his
early next year? they're going to cave on the budget? what are they going to do about taxes? well, they are here next. ♪ inside out, and round and round♪ ♪ upside down you turn me, you're giving love instinct tiffly. round and round you'll turn me♪ (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. wow...look at you. i've always tried to give it my best shot. these days i'm living with a higher risk of stroke due to afib, a type of irregular heartbeat, not caused by a heart valve problem. at first, i took warfarin, but i wondered, "could i up my game?" my doctor told me about eliquis. and three important reasons to take eliquis instead.
gdp compared to other advanced economies. our code is also full of special interest tax breaks and loopholes while hurting others that are investing in the united states. we can do better. and we can do this by broadening the tax base and lowering tax rates in a way that doesn't add a dime to the federal deficit. the president put forward the details of his tax reform and pleadmead clear his commitment -- and has made clear his commitment to business tax reform paired with an infrastructure package paid for with one-time revenue. we have a real opportunity ahead to seize the tax reform and establish a simpler, fairer and more competitive tax reform in the yeats. -- years. they share much in common with the approach the president has put forward. there's no reason we can't start with the substantial policy areas we agree on and come together to find common ground. in addition to reforming our tax system, we must finish the work of creating new trade agreements that are free and fair. they must open up markets for america's businesses and must add to the millions of american jobs
's the 1st of november, but a huge tax hit is being taken out of that in the state of california. some people say, oh, poor kobe, but maybe that would make him want to play for the rockets -- [laughter] >> more and more i think athletes are considering this, you know? the money they're making now you say, okay, maybe it's not as bad. we know up until recently athletes, you know, have gone broke or really said, golly, have to find a new job or career, but almost 40% federal, 3.78% for medicare and 13.3% california. so 56.7% of his income going to taxes, and it's an environment of paying your fair share, you know? i don't know how much of the public services out in california he's using. i just don't think it's that much. i don't think it's $14 million worth. connell: not exactly a sympathetic figure, but we get your point. >> that's the whole thing. no one's sympathetic except when it starts to trickle down. ofof course, in france they're starting to talk about not even having a soccer season this year. connell: 75%, incomes over a million euro? >> yeah. 75%. and so now the owners -- da
$2,300. and that's before any subsidies, depending on income and tax credit. here it is verbatim. middle class families purchasing private insurance in the new state-based health insurance exchanges could save as much as $2,300 per year in 2014, unquote. >> question, that promise of the $2,300 drop materialize next year, mort? >> all i can tell you is everybody in my company got a notice that their payments were going up and going up dramatically and they just got them yesterday in response to that bill. i can't talk for americans, all i can tell you in my own company is what happened and i think that is a disgrace for what this program is going to imply for a lot of american families. >> chris. >> the 5% that eleanor keeps referring to is the reality, 5% couldn't keep what they had are junk policies, which don't cover hospitalization. deductions of $15,000. so if you get serious illness, you have to pay it out of pocket. sure it will reach that $2300 measure. reduction of what you have to pay when the insurance policy doesn't cover your problems. >> people don't like their
. for individual retirement accounts, i.r.a.'s, under the tax code. today retirees are more likely to rely on 401k's and i.r.a.'s and are less likely to have defined benefit plans from their employers. at the same time, the natural products have become increasingly complex. because the rules governing the rights of investors and the responsibilities of advisors are more than 35 years old, d.o.l. is attempting to modernize these rules and -- in order to reflect the changing nature of the retirement marketplace. given these realities it is necessary for the department to make sure that the professionals offering retirement advice have a duty to put their clients' interests first before their own or at very least tell their customers that they may be conflicting. at the same time the s.e.c. is considering moving forward on a rule making that would impose a uniform fiduciary standard of conduct for broker dealers and investment advisors, consistent with the dodd-frank act. this would ensure that whatever the business model, if an individual is providing personalized investment advice out securities to
of athens. >> more demonstration taking place in france on a new tax even after the government greed to suspend the levy. it happened in a northwest town that would be affected by the tax because of its dependence on agriculture. >> reporter: the police have used water canon briefly. most of the crowd are very peaceful. they are families. they've come out because they're angry about what they say the government is inflicting on their region. it's not just the ecotax, of course, which has been suspended for the time being after some demonstrations last weekend about that particular tax. it is also about the general state of the economy here. not usually a region that has suffered in the past. employment has been pretty good. but in recent months there has been a number of closure of food processing factories. they say the unions and the owners say they're being under cut by cheap labor unfairly elsewhere in europe. they're angry about that. they want the government to do something to redress that imbalance. they've been promised state aid to help them, but they clearly want this ecota
financial transaction tax code three in eleven countries want to sign up the social costs despite all the tools of the retrieve the debates i want to see it again the tax introduced at the european level is one reason is we see it as a symbol of spatial adjusted zero z guards aboard a domestic type on it. sides also agreed to take steps to silence the euro skeptics by seeking to return more responsibility from brussels to the eu member states. he said yes to agree on how to deal with troubled thank you sweet seen some eight of its annual chocolate rate to put on a fashion show in paris this week. the couple creations role made it the world's favorite sweet treats. a number of celebrities joined in the final wimbledon tennis champ money and bought sony models this fetching dress and top it off it's a real fashion fixed. the norwegian town of three you can found an unusual way to beat the wind to police this week three joanne harris were installed to direct the sun's rays into the body the panels and even ate the town's class. the area the size of three tennis courts. i think i'm testin
'll explain coming up. >> the president of the bayren munich charged with ta tax evas. >> the secretary general of n.a.t.o. has warned pakistan against blocking supply roots to pakistan. considering whether to close the route in response to the killing of mehsud in a drone strike. they said the killing represents the death of pea talks for pakistani taliban. at least two and a half thousand people have been killed in c.i.a. drone strikes in the last nine years. of that number at least 400 are believed to be civilians. the pakistan government condemns the strikes but at the same time has not stopped them, and received $1.3 billion in military aid. we're in northwest pakistan. take us through what politicians have been saying in how to respond to u.s. drone strikes and how serious the closure of supply roots to pakistan. >> reporter: the interior minister explained to the parliamenparliamentarians aboutt back because of the drone strike. in the option, if not the leader of the opposition that sh wherey plan or they would be forced to shut down n.a.t.o. supply lines. however, the secretary
. >> the haul has a value of more than $1 billion, and found by chance during a tax investigation. the discovery is believed to be art by picasso and matisse and chagal. of course the most expensive work ever sold was the scream. that made nearly $120 million. sonia gallegos has the story. >>> broken by a german magazine, possibly the largest collection of art confiscated by the nazis was found amongst cans of food and rubbish in a darkened room, of an apartment occupied by cornelius gullet. about 1500 masterpieces were located in the munich apartment. believed to be held in a safe at this customs office just outside munich. authorities have acted cautiously. >> the government is supporting the prosecution in the so-called degenerate art and nazi looted art. >> under hitler's regime, germans were forced to sell, greatly undervalid. the issue of restitution is one that officials have been forced to confront. at the heart of disputes between current rnz and those who claim were the original owners, claimed to give up to the senate cities. >> we have got over a thousand picassos, 100 renoir and 100
times, regulation light, across-the-board tax cuts, might even give tax credit to middle class families, instead of all this spending, which has done nothing. there is no upturn coming in the first half of next year, trust me. >> this could be a crushing blow to toyota as consumer reports lowers the boom on its most popular model. and ford doesn't fare too well either. jackie deangelis has the latest on that story. and "the kudlow report" is coming right back. but first, we found the tape. here's more obama care comic relief. >> if our web site still isn't loading properly, we're probably just overloaded with traffic, millions of americans are visiting health carcare.gohealt is great news. unfortunately, the site was just designed to handle six people at a time. if you're in a rush consider using our low-res web site with simpler fonts and graphics. my customers can shop around-- see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i
'm assuming, as i pay my taxes, that they're listening to everybody. >> yes, i hope so. and who is that lady that -- >> what they're not doing, i'm assuming, is taking notes. i think where we went wrong with the u.s. administration, joe, they wrote it down that they were listen to go angela merkel. >> that's what happens. who's that lady that tells daniel craig what to do? >> m. >> she knows, right? >> yes. i'm just trying to get this straight. the germans, they're rich. the germany at this point is -- it reminds me of cas casablanca. germany has not earned its spying outrage with all of their arms dealings and all the -- anyway, we get involved in everything over here, ross. >> there was a report yesterday, annette talked about it out of frankfurt. there was one report in the german press that said it may -- because of hangovers from the laws post the war, it may not be illegal for the u.s. to spy on the -- to listen in on the german fwoft. so there is some debate about whether the u.s. has broken any german law whatsoever. >> right. anytime you guys want you to stop funding nato and protec
but they will have some new options for those who want to cover their employment and new tax credit possibilities. for large employers, 96% already cover their employees. the penalty that you're constituents referred to is not a penalty that is imposed in 2014, it is being discussed with businesses about what kind of information is exchanged and it will take place -- >> i thank you. he's going to use the gavel on me if you don't hush. i yield back my time. >> how much time -- the chair would recognize the gentle lady from california, miss eshoo. >> welcome, madam secretary. you're a distinguished woman, you have distinguished yourself and your state, the offices that you've held and now working for the american people and i salute you for it. i want to really congratulate my republican pals for being absolutely 1,000% consistent. you love what's wrong with the web site and you detest what's working in the affordable care act, and i think that that is on full display here. but let's get back to the web site because that's what the hearing is about. it's my understanding that november 31st is the -
, taxes, and jobs. and that sense he probably made the republican position stronger. think about it within the party. you look at if say you don't like it much either. i think unless it become a personal civil war and the comment that senator cruz made yesterday if they do that they accomplish something. if they don't do that they accomplish nothing. >> one of the questions i 4 maybe for david and bob was that it was dick cheney who said that deficits don't matter. and the republican party had two wings on economics, one is the calvin cool age, herbert hoover pretty -- grim focus on reducing deficit and cutting spending, the other one is more optimistic message of reagan and focusing on economic growth as a way to prosperity and the way to cutting the deficit. and the argument today, which seems to me being seated to the democratic party is that growth is the optimistic path. can republican party sell deficit cutting. is it a positive message? should they be focusing more on cutting taxes, increasing growth as a we to reduce unemployment? >> i think growth is a koa to the political term. y
revenue code and under the internal revenue code at least for income tax purposes the court would disregard it because this is a -- [inaudible] >> it may well be and it's an s corp. even though there's this corporate form the next result of the penalties goes on frank and phil gilardi separate income tax returns on a schedule came out. exactly. >> that's true for limited liability party. >> i think when we are dealing with a law that impinges upon fundamental first amendment freedoms the supreme court has taught we don't allow for him to triumph over substance and that is what we are arguing here. >> is that what lee says? if you are in the commercial market you have to give up some for the greater good. >> it does say that but what we say is that's part of the strict scrutiny. >> congress has some exemptions as well. >> that is your case. you are saying the exemptions are so overwhelming, so large in their number because you can't possibly get around lead. lee had exemptions in the court gave at the back of the hand. they said of course congress can make those decisions. that is
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